Nichols (LON:NICL) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Nichols plc (LON:NICL) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,030.98 and traded as low as GBX 959.21. Nichols shares last traded at GBX 966, with a volume of 42,749 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Berenberg Bank lowered their price target on Nichols from GBX 1,820 to GBX 1,720 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating for the company in a report on Wednesday, January 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,390.

Nichols Trading Up 0.2%

The stock has a market capitalization of £353.20 million, a price-to-earnings ratio of 20.19 and a beta of 0.50. The stock’s 50 day moving average is GBX 987.97 and its 200 day moving average is GBX 1,030.98.

Nichols (LON:NICL) last announced its earnings results on Wednesday, March 11th. The company reported GBX 67.53 earnings per share (EPS) for the quarter. Nichols had a net margin of 12.25% and a return on equity of 23.59%. On average, sell-side analysts anticipate that Nichols plc will post 62.4371859 EPS for the current year.

Nichols Company Profile